LUBBOCK, TX (September 22, 2016) – Herold, a startup company founded by Texas Tech University and Group NIRE has won $100,000 in funding at the 2016 GLEAMM Challenge in Lubbock, TX.
The Global Laboratory for Energy Asset Management and Manufacturing (GLEAMM) Challenge is an energy technology competition where innovative Texas Tech University students, faculty and staff showcase their world-changing ideas to compete for funding.
Michael Wilson, Director of Business Development at Group NIRE and Dr. Brian Ancell, Assistant Professor at Texas Tech University successfully represented Herold at the competition. Herold is a weather forecasting application that provides high-resolution probabilistic weather forecasting for both the energy and agriculture sectors.
“This funding is crucial to developing the computing capability to provide accurate forecast probabilities, such as those associated with severe weather or heavy rainfall, for user-specific applications that require them for safe and efficient operation,” Dr. Ancell said. “These valuable probabilities are difficult to come by within today’s commercialized weather forecast industry. The direct translation from cutting-edge weather forecasting research at Texas Tech made possible by this funding should have immediate benefits to customers.”